NPR, May 8, 2023–Arezou RezvaniThere are more empty office spaces now than during the 2008 financial crisis. These vacancies could spell trouble for downtown city centers and the broader commercial …
Category: Top National News
Eviction Bans Remain in California More Than 3 Years Into the Pandemic
Wall Street Journal, May 8, 2023–Will Parker (subscription)A handful of California cities are still enforcing laws that protect tenants from eviction or rent increases, extending pandemic-era policies that most of …
CRE Is Still Hungry for Proptech, but Tastes Are More Refined
CommercialSearch.com, May 3, 2023–Gabriel FrankProptech investment fell dramatically from $32 billion in 2021 to $19.8 billion in 2022, according to data from the Center for Real Estate Technology and Innovation.https://www.commercialsearch.com/news/cre-is-still-hungry-for-proptech-but-tastes-are-more-refined/
How Jerome Powell Became the Most Powerful Figure in CRE Finance
Commercial Observer, May 5, 2023–Andrew CoenPerhaps no one person had more of an impact on commercial real estate finance in the last year than Fed Chair Jerome Powell.https://commercialobserver.com/2023/05/how-jerome-powell-became-most-controversial-figure-commercial-real-estate/
The Search for Multifamily in Commercial Space
Multi-Housing News, May 3, 2023–Suzann D. SilvermanThere’s a growing buzz around conversion of offices to apartments, reducing vacant office space while addressing America’s housing shortage. But how viable is it?https://www.multihousingnews.com/the-search-for-multifamily-in-commercial-space/
Real Estate Debt Funds Aim to Be Players on Opportunistic, Distressed Strategies
Wealth Management Real Estate, May 5, 2023–Mary DiduchWith trouble roiling the banking sector, attention has turned to real estate debt funds to pick up market share. And indications that some …
CRE is Not Facing a Massive Reset
GlobeSt.com, May 3, 2023–Richard BergerMany have been forming negative perceptions about commercial real estate as the media is steering its focus on a looming recession, rising interest rates, and waves …
DeSantis Signs Sweeping Anti-ESG Legislation in Florida
Reuters, May 2, 2023–Isla Binnie, Ross KerberFlorida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance …
Where to Invest in Real Estate Now
Bloomberg, May 2, 2023–Charlie Wells (subscription)Housing supply is constrained but there’s a glut of office space. Fears of a recession are driving down prices in some areas, while demographic changes …
Why RCLCO Encourages SFR Developers to Ready Their Shovels
Multi-Housing News, May 1, 2023–Lew SichelmanCould it be that developers of for-rent single-family houses have only scratched the surface in satisfying demand for their products? It would seem so, according …